NASDAQ:IRIX IRIDEX (IRIX) Stock Price, News & Analysis → The AI Bottleneck No One is Talking About (From The Bull Report) (Ad) Free IRIX Stock Alerts $2.35 -0.06 (-2.49%) (As of 03/18/2024 ET) Add Compare Share Share Today's Range$2.31▼$2.4750-Day Range$2.35▼$3.1052-Week Range$1.31▼$3.48Volume49,902 shsAverage Volume25,715 shsMarket Capitalization$38.19 millionP/E RatioN/ADividend YieldN/APrice Target$2.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get IRIDEX alerts: Email Address IRIDEX MarketRank™ Stock AnalysisAnalyst Rating0.00 Rating ScoreUpside/Downside14.9% Downside$2.00 Price TargetShort InterestBearish2.61% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.31Based on 2 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($0.46) to ($0.26) Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.0.03 out of 5 starsComputer And Technology Sector600th out of 602 stocksElectromedical Equipment Industry22nd out of 22 stocks 0.0 Analyst's Opinion Price Target Upside/DownsideAccording to analysts' consensus price target of $2.00, IRIDEX has a forecasted downside of 14.9% from its current price of $2.35.Amount of Analyst CoverageIRIDEX has received no research coverage in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted2.61% of the float of IRIDEX has been sold short.Short Interest Ratio / Days to CoverIRIDEX has a short interest ratio ("days to cover") of 11.1, which indicates bearish sentiment.Change versus previous monthShort interest in IRIDEX has recently decreased by 1.35%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldIRIDEX does not currently pay a dividend.Dividend GrowthIRIDEX does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for IRIX. Previous Next 2.9 News and Social Media Coverage News SentimentIRIDEX has a news sentiment score of 0.31. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.53 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 2 news articles for IRIDEX this week, compared to 0 articles on an average week.Search Interest1 people have searched for IRIX on MarketBeat in the last 30 days. MarketBeat Follows1 people have added IRIDEX to their MarketBeat watchlist in the last 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, IRIDEX insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 6.20% of the stock of IRIDEX is held by insiders.Percentage Held by InstitutionsOnly 23.95% of the stock of IRIDEX is held by institutions. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for IRIDEX are expected to grow in the coming year, from ($0.46) to ($0.26) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of IRIDEX is -4.90, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of IRIDEX is -4.90, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioIRIDEX has a P/B Ratio of 2.18. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad The Bull ReportThe AI Bottleneck No One is Talking AboutRenewable energy is growing at an impressive speed - but not fast enough. This could be one of the greatest periods for the nuclear industry ever.Click here to see who's preparing to meet these needs About IRIDEX Stock (NASDAQ:IRIX)IRIDEX Corporation, an ophthalmic medical technology company, provides therapeutic based laser systems, delivery devices, and consumable instrumentation to treat sight-threatening eye diseases in ophthalmology. It offers laser consoles, such as Cyclo G6 laser system for use in the treatment of glaucoma; IQ 532 and IQ 577 laser systems, which are used for the treatment of retinal disorders; and OcuLight TX, OcuLight SL, OcuLight SLx, OcuLight GL, and OcuLight GLx laser photocoagulation systems that are used to treat proliferative diabetic retinopathy, macular holes, retinal tears, and detachments. The company also provides delivery devices, including TxCell scanning laser delivery system that allows the physician to perform multi-spot pattern scanning; slit lamp adapter, which allows the physician to utilize a standard slit lamp in diagnosis and treatment procedures; and laser indirect ophthalmoscope for use in procedures to treat peripheral retinal disorders. It offers MicroPulse P3 Probe, which is used with its Cylco G6 laser system to perform MicroPulse transscleral laser therapy; G-Probe, which is used in procedures to treat uncontrolled glaucoma; G-Probe and G-Probe Illuminate, which are used in procedures to treat refractory glaucoma; and EndoProbe family of products for use in vitrectomy procedures. The company serves ophthalmologists, research and teaching hospitals, government installations, surgical centers, hospitals, veterinary practices, and office clinics. It markets its products through direct and independent sales force in the United States, as well as through independent distributors internationally. The company was formerly known as IRIS Medical Instruments, Inc. and changed its name to IRIDEX Corporation in November 1995. IRIDEX Corporation was incorporated in 1989 and is headquartered in Mountain View, California.Read More IRIX Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart IRIX Stock News HeadlinesMarch 17, 2024 | americanbankingnews.comIRIDEX (NASDAQ:IRIX) Coverage Initiated by Analysts at StockNews.comMarch 9, 2024 | americanbankingnews.comIRIDEX (NASDAQ:IRIX) Now Covered by StockNews.comMarch 19, 2024 | Porter & Company (Ad)My next big prediction isn’t a predictionI believe this could change your life forever. I’m talking about transforming everything for you, financially. You see, a rare market anomaly has emerged that I believe is going to make some people very wealthy. Almost nobody in the mainstream media or Wall Street has connected the dots on what’s going on, but that ignorance won’t last for long. When they wake up to this situation, billions of dollars will flood in.February 23, 2024 | benzinga.comIridex Stock (NASDAQ:IRIX), Short Interest ReportFebruary 23, 2024 | benzinga.comIridex Stock (NASDAQ:IRIX) Dividends: History, Yield and DatesDecember 28, 2023 | finance.yahoo.comIridex Confirms Medicare Administrative Contractors Retired Local Coverage Determinations that Restricted CyclophotocoagulationNovember 27, 2023 | finance.yahoo.comIridex Corporation Announces Successful Appeal for Revision of Recent Medicare LCDs to Provide Broader Coverage of CyclophotocoagulationNovember 17, 2023 | finanznachrichten.deIRIDEX Corporation: Iridex Reports Third Quarter 2023 Financial Results and Business UpdateMarch 19, 2024 | Porter & Company (Ad)My next big prediction isn’t a predictionI believe this could change your life forever. I’m talking about transforming everything for you, financially. You see, a rare market anomaly has emerged that I believe is going to make some people very wealthy. Almost nobody in the mainstream media or Wall Street has connected the dots on what’s going on, but that ignorance won’t last for long. When they wake up to this situation, billions of dollars will flood in.November 14, 2023 | benzinga.comIridex: Q3 Earnings InsightsNovember 14, 2023 | finance.yahoo.comIridex Reports Third Quarter 2023 Financial Results and Business UpdateNovember 13, 2023 | finance.yahoo.comIridex to Host Third Quarter Financial Results Conference Call on November 14, 2023November 9, 2023 | morningstar.comIRIDEX Corp IRIXNovember 2, 2023 | msn.comIridex Reimbursement Chaos Presents Buying OpportunityNovember 1, 2023 | msn.comWall Street Set to Open Mixed Ahead of Federal Reserve MeetingNovember 1, 2023 | benzinga.comNasdaq Surges Over 100 Points Ahead Of Fed Decision; WeWork Shares PlungeNovember 1, 2023 | markets.businessinsider.comDow Gains Over 100 Points; Fed Leaves Interest Rates UnchangedNovember 1, 2023 | msn.comBYU, WE and IRIX among pre-market losersNovember 1, 2023 | benzinga.comUS Stocks Mixed; Private Sector Payrolls Increase Less Than ExpectedOctober 26, 2023 | finance.yahoo.comIridex to Report Third Quarter Financial Results on November 14, 2023October 10, 2023 | finance.yahoo.comIRIDEX's (NASDAQ:IRIX) growing losses don't faze investors as the stock surges 18% this past weekAugust 30, 2023 | finanznachrichten.deIRIDEX Corporation: Iridex Announces Strategic Review to Unlock Shareholder ValueAugust 29, 2023 | seekingalpha.comIridex announces review of strategic alternatives, stock risesAugust 29, 2023 | finance.yahoo.comIridex Announces Strategic Review to Unlock Shareholder ValueAugust 11, 2023 | markets.businessinsider.comIridex Reports Second Quarter 2023 Financial ResultsAugust 9, 2023 | markets.businessinsider.comIRIDEX earnings preview: what Wall Street is expectingAugust 9, 2023 | finance.yahoo.comWe Think IRIDEX (NASDAQ:IRIX) Needs To Drive Business Growth CarefullySee More Headlines Receive IRIX Stock News and Ratings via Email Sign-up to receive the latest news and ratings for IRIDEX and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings11/11/2021Today3/18/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Electromedical equipment Sub-IndustryN/A Current SymbolNASDAQ:IRIX CUSIPN/A CIK1006045 Webwww.iridex.com Phone(650) 940-4700Fax650-940-4710Employees130Year Founded1989Price Target and Rating Average Stock Price Target$2.00 High Stock Price Target$2.00 Low Stock Price Target$2.00 Potential Upside/Downside-14.9%Consensus Rating Rating Score (0-4)0.00 Research Coverage0 Analysts Profitability EPS (Most Recent Fiscal Year)($0.48) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-7,550,000.00 Net Margins-14.21% Pretax Margin-14.13% Return on Equity-52.93% Return on Assets-20.00% Debt Debt-to-Equity RatioN/A Current Ratio2.64 Quick Ratio1.66 Sales & Book Value Annual Sales$56.97 million Price / Sales0.67 Cash FlowN/A Price / Cash FlowN/A Book Value$1.08 per share Price / Book2.18Miscellaneous Outstanding Shares16,250,000Free Float15,241,000Market Cap$38.19 million OptionableOptionable Beta0.81 Social Links (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. Get This Free Report Key ExecutivesMr. David I. Bruce (Age 65)President, CEO & Director Comp: $459.31kMr. Fuad Ahmad (Age 54)Interim Chief Financial Officer Comp: $424.9kMr. Patrick Mercer (Age 52)Chief Operating Officer Comp: $385.51kMs. Leigh SalvoHead of Investor RelationsKey CompetitorsRockwell MedicalNASDAQ:RMTICuteraNASDAQ:CUTRelectroCoreNASDAQ:ECORGigCapital5NYSE:GIAQT ImagingNASDAQ:QTIView All CompetitorsInstitutional OwnershipCitadel Advisors LLCBought 22,300 shares on 2/15/2024Ownership: 0.000%Northern Trust CorpSold 10,659 shares on 2/13/2024Ownership: 0.174%Dimensional Fund Advisors LPSold 30,441 shares on 2/7/2024Ownership: 0.297%AMH Equity LtdSold 241,103 shares on 2/2/2024Ownership: 2.437%Simplex Trading LLCBought 2,100 shares on 2/2/2024Ownership: 0.000%View All Institutional Transactions IRIX Stock Analysis - Frequently Asked Questions What is IRIDEX's stock price target for 2024? 0 Wall Street analysts have issued 12 month target prices for IRIDEX's shares. Their IRIX share price targets range from $2.00 to $2.00. On average, they anticipate the company's stock price to reach $2.00 in the next twelve months. This suggests that the stock has a possible downside of 14.9%. View analysts price targets for IRIX or view top-rated stocks among Wall Street analysts. How have IRIX shares performed in 2024? IRIDEX's stock was trading at $2.81 on January 1st, 2024. Since then, IRIX stock has decreased by 16.4% and is now trading at $2.35. View the best growth stocks for 2024 here. How were IRIDEX's earnings last quarter? IRIDEX Co. (NASDAQ:IRIX) released its earnings results on Thursday, November, 11th. The medical equipment provider reported ($0.14) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.15) by $0.01. The medical equipment provider had revenue of $13.26 million for the quarter, compared to analysts' expectations of $11.90 million. IRIDEX had a negative net margin of 14.21% and a negative trailing twelve-month return on equity of 52.93%. During the same period in the prior year, the firm posted ($0.12) EPS. What is Theodore A. Boutacoff's approval rating as IRIDEX's CEO? 7 employees have rated IRIDEX Chief Executive Officer Theodore A. Boutacoff on Glassdoor.com. Theodore A. Boutacoff has an approval rating of 64% among the company's employees. What other stocks do shareholders of IRIDEX own? Based on aggregate information from My MarketBeat watchlists, some companies that other IRIDEX investors own include NVIDIA (NVDA), Trevena (TRVN), CTI BioPharma (CTIC), Agile Therapeutics (AGRX), Genocea Biosciences (GNCA), Idera Pharmaceuticals (IDRA), Lipocine (LPCN), Rigel Pharmaceuticals (RIGL) and SCYNEXIS (SCYX). Who are IRIDEX's major shareholders? IRIDEX's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include AMH Equity Ltd (2.44%), Dimensional Fund Advisors LP (0.30%), Citadel Advisors LLC (0.00%), Northern Trust Corp (0.17%), Simplex Trading LLC (0.00%) and Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include Nandini Devi and Robert Earle Grove. View institutional ownership trends. How do I buy shares of IRIDEX? Shares of IRIX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:IRIX) was last updated on 3/19/2024 by MarketBeat.com Staff From Our Partners8,788% Return Predicted For THIS Crypto (already up 40% in 6 months)Paradigm PressCentral Bank Gold Heist In ProgressColonial MetalsLike Tiny Crypto Retirement FundsCrypto 101 MediaThe AI Bottleneck No One is Talking AboutThe Bull ReportMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceSHOCKING Footage From Tesla Gigafactory In Austin, TexasInvestorPlaceThe world’s greatest investmentPorter & CompanyBuy this small stock before coming AI Tidal WaveChaikin Analytics Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding IRIDEX Co. Please log in to your account or sign up in order to add this asset to your watchlist. 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